California Public Employees Retirement System Has $3,764,000 Position in CEB Inc. (CEB)
California Public Employees Retirement System cut its stake in shares of CEB Inc. (NYSE:CEB) by 8.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,100 shares of the company’s stock after selling 6,600 shares during the period. California Public Employees Retirement System owned about 0.21% of CEB worth $3,764,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the stock. Rice Hall James & Associates LLC boosted its position in CEB by 1.4% in the second quarter. Rice Hall James & Associates LLC now owns 259,186 shares of the company’s stock valued at $15,987,000 after buying an additional 3,598 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in CEB by 18.7% in the first quarter. Envestnet Asset Management Inc. now owns 19,830 shares of the company’s stock valued at $1,284,000 after buying an additional 3,125 shares in the last quarter. Parametrica Management Ltd purchased a new position in CEB during the second quarter valued at about $324,000. Smith Asset Management Group LP purchased a new position in CEB during the second quarter valued at about $1,012,000. Finally, Chicago Equity Partners LLC purchased a new position in CEB during the second quarter valued at about $1,747,000. Hedge funds and other institutional investors own 98.56% of the company’s stock.
CEB Inc. (NYSE:CEB) traded up 0.68% during midday trading on Wednesday, hitting $58.95. 385,449 shares of the stock were exchanged. The stock has a market cap of $1.90 billion, a P/E ratio of 50.64 and a beta of 1.75. The firm has a 50-day moving average price of $52.81 and a 200-day moving average price of $58.29. CEB Inc. has a one year low of $47.33 and a one year high of $76.79.
CEB (NYSE:CEB) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. CEB had a negative return on equity of 334.08% and a net margin of 4.05%. The firm earned $229.84 million during the quarter, compared to the consensus estimate of $232.63 million. During the same period last year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts anticipate that CEB Inc. will post $3.77 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, December 13th. CEB’s dividend payout ratio is presently 142.24%.
Several equities research analysts recently commented on the stock. Cantor Fitzgerald reissued a “buy” rating on shares of CEB in a report on Friday, August 19th. Royal Bank Of Canada lowered shares of CEB from an “outperform” rating to a “sector perform” rating and set a $60.00 price target for the company. in a report on Monday. RBC Capital Markets lowered shares of CEB from an “outperform” rating to a “sector perform” rating and set a $60.00 price target for the company. in a report on Monday. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of CEB from a “hold” rating to a “sell” rating in a report on Friday, October 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $45.68.
CEB Company Profile
CEB Inc, formerly The Corporate Executive Board Company, is a member-based advisory company. The Company operates through two segments: SHL Talent Measurement and CEB. Its SHL Talent Measurement provides cloud-based solutions for talent assessment and talent mobility, and decision support, as well as professional services to support those solutions.
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